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Sanders Statement on Obama Budget


“While the president’s budget has some positive elements like an increase in the minimum wage and increased revenue from people who make more than $250,000 a year, it is a document which does not effectively address the economic crisis facing our nation.

“At a time when millions of working families are struggling economically, I am deeply disappointed that the president’s budget includes a chained consumer price index which would mean significant cuts for Social Security and veterans. It also would raise taxes on low- and middle-income Americans.

“For seniors, Obama’s proposal would mean that a 65-year-old retiree would lose more ...